Search Results for: defraud investors
Broker sentenced to prison after defrauding investors
April 14th, 2016
Broker Michael Donnelly sentenced to prison after defrauding elderly, SEC says He provided fake information about their investment holdings to hide his scheme A federal court in Philadelphia has sentenced broker Michael Donnelly to 99 months in prison for ...
SEC Charges Three RMBS Traders With Defrauding Investors
September 9th, 2015
The Securities and Exchange Commission today announced fraud charges against three traders accused of repeatedly lying to customers relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC alleges that Ross Shapiro, Michael ...
SEC charged Two men and Eight companies with defrauding investors
July 31st, 2015
The Securities and Exchange Commission today charged two men and eight companies with defrauding investors, many of them upstate New York residents, who purchased the companies’ securities and so-called “charitable gift annuities.” According to the SEC’s complaint filed in ...
SEC Announces Charges Against Compliance Director Accused of Defrauding Investors and Stealing Brokerage Firm Assets
May 29th, 2015
The Securities and Exchange Commission today announced fraud charges against a Long Island man accused of fleecing investors and stealing money from a brokerage firm where he worked as the director of compliance. The SEC’s Enforcement Division alleges that ...
SEC Charges Brokerage Firm Co-Owners With Defrauding Investors
May 21st, 2015
The Securities and Exchange Commission today announced fraud charges against the co-owners of a Manhattan-based brokerage firm. The SEC alleges that as Arjent LLC and its UK-based affiliate Arjent Limited were approaching insolvency, chairman and CEO Robert P. DePalo ...
B.C. Securities Commission alleges Alberta man defrauded two investors
January 20th, 2015
The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that an Alberta man and a numbered company that he controls defrauded two investors. The notice alleges that Robert James Maddigan, an engineer ...
SEC Charges Operator With Defrauding Bond Investors
June 3rd, 2014
The U.S. Securities and Exchange Commission (SEC) has charged a charter school operator in Chicago with defrauding investors in a $37.5 million bond offering for school construction by making materially misleading statements about transactions that presented a conflict of ...
Two brokers charged with defrauding customers
September 11th, 2018
The Securities and Exchange Commission (SEC) charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Investors claim they lost €4.1m in Binary Options scam
September 3rd, 2018
A group of investors who claim they lost millions of euro in an electronic trading scam have brought a High Court damages action against an Irish-registered firm and Irish- and Israeli-based directors. They have sued Greymountain Management Ltd, which ...
